Breathe
By Sonia Garza González
In recent years, almost at the end of these years, Mexico has reserved economic growth forecasts for itself. I do not know if this happens to you, but it is shocking that every day the working class makes efforts, many times extraordinary, with the objective of producing and generating money, to hear or read such news that is not encouraging at all.
What does reserved forecast mean? In general terms, it is an uncertain idea or one that cannot predict with certainty what the balance of a situation will be, but in economic matters, it means that, although there is productive activity, there is no growth rate.
If we pay attention to the news, it is common to hear about GDP, which translates into the sum of the value (in money) of all end-use goods and services generated by a country or federal entity during a period (usually a year or quarter).
Specialists are experts in analyzing and commenting on the impact on the economy of electoral processes, governance, domestic and foreign investment, diplomatic relations, the country's debt, inflation... and a long list. Meanwhile, ordinary citizens -like you and me- see that at least two incomes are required to cover family expenses, that vacations are postponed, that it is scary to get sick.
Money is worth less and less and more is needed to buy the same things. This is called inflation, which is an economic phenomenon characterized by a generalized increase in the prices of goods and services. A country is supposed to keep inflation under control because it is important to maintain people's purchasing power and at the same time stimulate the production of goods.
What are the factors or causes of the stagnation of the national economy? Is the fiscal policy not working? How are the strategies promoting public spending going?
No macroeconomic education is needed to quickly answer what are the consequences of such stagnation. I am sure they are not limitative, but they are enunciative: Unemployment, deficit in internal consumption, insecurity, corruption, low capacity to be productive, competitive, marginalization, overflowing migration (which in many occasions takes place outside the law), instability.
National President of the Mexican Association of Women Heads of Business (AMMJE) 2020-2026, National Counselor of COPARMEX, COPARMEX NL and CAINTRA NL. Selected in 2022 and 2023, as one of the 100 Powerful Women in Business by Expansión magazine.
When I open this article, noting that in recent years, almost at the end of the years, our country has reserved economic growth forecasts, I am referring to the chilling sensation that I read -like a gypsy curse- that Banxico recently announced that "it has moderated its projections for the Mexican economy", from 1.5 compared to the 2.4 that was expected at the beginning of the year.
Resilience is one thing, but spinning the wheel is quite another.
The opinions expressed are the responsibility of the authors and are absolutely independent of the position and editorial line of the company. Opinion 51.
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